"monetary madness" - repeat phrase of we aim for 2% inflation, that is why we do it. // BIS warned recently in its yearly paper - that Central Banks are unable to combat any global crisis flare-up that is more likely to be worse than GFC ... could be China of all things. // 2000 bust was fought with fed easing and throwing money at it, and GFC too. Next crisis - throwing money at it and easing will not be possible. // &! Deflation Comes First, Then Inflation - Mike Maloney - youtu.be/vAFtlgJNMCo // &! "One Bet, that is Big Enough, (that maybe was even conventional wisdom that it is save and THE BET) when wrong, does put you in a deep deep hole - youtu.be/tp9UjhZz-eo --- Nassim Taleb. There are lots of candidates/things that could blow up in peoples faces. &! Nouriel Roubini: Deflation Needs Monetary, Fiscal Policy - youtu.be/IADncoxQRYg

min10 Networking & making Conversation, "Everyone is interesting. Let them talk abt what they know well & do well. If not u may make them uncomfortable - ur fault. Just ask them the right inquisitive questions." // Career & Life Advice. Stay Humble (humility) & Smart. Overconfidence is the disease of the expert. Titans of Wall Street believed in such command that they were risk averse & believed never 2 fail (black swan, blind spot). Overconfidence & arrogance is a psychological problem of success. // Also, learning from experience, the elders, is so important ie 2015, Unicorns in Silicon Valley with burn rates greater than during the dot. com bubble & the youngsters do not listen 2 have plan b & c in their desk drawer as Bill Gurly mentioned in his 2015 SXSW talk w Gladwell. bc "U only learn certain things when youve been humbled." // 23:35 its not about IQ (intelligence), its abt environment & culture! Nature vs Nurture (Peers Cohort). + Innovation by Late Bloomers + Taleb

... apart from teaching algo's, people have to be taught too - to think about the third factor that puts everything in question. algo's are about the absolute solution to problem x. thus we become blind to factor x, the third factor, the black swan (see GFC, we are not in a bubble, houseprices never reverted back to the mean). Narrative, doubt (zweifel), intuition - vs - algo's outcome. Without narrative, what world is that, where we just have results only? No narrative (linearity), no grammar. What world is that?